Modern services and China’s economic transformation

HE Dexu (何德旭) and YAO Zhanqi (姚战琪)
Associated with Institute of Finance and Trade Economics, Chinese Academy of Social Sciences
Editorial Note:Developing modern services is an important step in China’s economic growth and industrial
upgrading. Compared with those in developed countries, however, China’s modern services remain at a low
level. What has stunted this development? What should China do to get ahead? This essay proposes some possible
solutions.

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